Skip main navigation
For sale
  • $525,000

    1418 Mae Collins Rd, Morristown, TN 37813

    8beds
    --sqft
    : 
    Multi Family
    Built in 2020
    -- sqft lot
    $506,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
    114 days
    on Zillow
    |
    267
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 24, 2025 at 10:34am

    Listed by:

    James Griffin,

    Griffin Home Group 423-482-0743

    Source: Lakeway Area AOR,MLS#: 706110MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1418 Mae Collins Rd.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Finished area above ground: 560
    • Finished area below ground: 0

    Property

    Lot
    • Size: 1.7 Acres
    Details
    • Parcel number: 049D B 010.00

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 2020

    Community & HOA

    Location
    • Region: Morristown

    Financial & listing details

    • Tax assessed value: $9,200
    • Annual tax amount: $45
    • Date on market: 1/2/2025
    • Loading
    • Loading